For €25,000 or €30,000, it is difficult to buy an apartment in Belgrade today.
But you can buy a parking space.
That raises an obvious question:
can a parking space actually be a good small property investment?
The answer can be yes — but not simply because “parking is always difficult in Belgrade”.
An investment makes sense only when the purchase price, realistic rent, demand in the specific micro-location and future resale prospects work together.
The numbers therefore matter more than the general assumption that every garage is a good investment.
The market figures in this article are a snapshot of publicly advertised asking prices on 13 August 2026. Asking prices and advertised rents are not necessarily the prices at which transactions are ultimately completed.
How much does a parking space cost in Belgrade?
It depends heavily on location.
In New Belgrade, dozens of parking spaces and garages were advertised for sale in mid-August 2026. Current examples included approximately €25,000 in Block 30, €25,500 in Block 62, €28,000 around Tošin bunar, €29,000 in Belville and €32,000 in A Blok.
Zvezdara showed a much broader range. Current listings included approximately €14,000–€15,000 in Mirijevo and some less central areas, while several newer or more central locations were offered around €23,000–€25,000.
Vračar can be considerably more expensive. Current asking prices included €40,000 around Kalenić, €48,000 elsewhere in Vračar and €60,000 close to the Church of Saint Sava.
The phrase “a parking space in Belgrade” therefore tells an investor very little without the precise location.
How much can it rent for?
Rents also vary, although not as dramatically as purchase prices.
In New Belgrade, many current asking rents were in the region of €100–€150 per month, including €100 in A Blok, €120 around Arena, €130–€140 in Block 65 and €150 in some newer developments.
Current Vračar listings included spaces at roughly €100–€130 per month.
On Savski venac and in Belgrade Waterfront, many advertised rents were also around €100–€150 per month, while standard spaces in the same wider area were frequently offered for sale around €26,000–€30,000, with substantially more expensive examples elsewhere.
This is where the investment calculation becomes useful.
How do you calculate the yield?
A simple starting point is:
annual rent ÷ purchase price × 100
If you pay €25,000 and rent the space for €120 per month, annual rental income is €1,440.
That represents a gross annual yield of approximately 5.76%.
At a €30,000 purchase price and €100 monthly rent, the gross yield is approximately 4%.
At €30,000 and €150 monthly rent, it is approximately 6%.
These are mathematical examples based on the ranges currently visible in advertised supply. They are not an estimate of the average parking-space yield in Belgrade. Current sales and rental listings show substantial variation between micro-locations.
Gross yield is not what you actually keep
A €120 monthly rent does not mean that the entire €1,440 per year is pure profit.
An investor may need to allow for vacancy, common garage or building costs, property tax, maintenance of access systems and tax on rental income.
The Serbian Tax Administration has a specific regime and calculator for income earned by individuals from renting real estate. Where the payer is not required to withhold the tax, the individual taxpayer is responsible for self-assessment and filing.
The important distinction is therefore between:
gross yield — before costs and tax
and
net yield — what the investment actually leaves you.
Is a 5% yield good?
The percentage alone is not enough to answer that.
A €25,000 investment producing a gross yield of 5–6% may be attractive if the space is almost continuously occupied, has low costs and can be resold relatively easily.
The same yield may be much less attractive if the space is frequently vacant, difficult to access or has a very narrow resale market.
You should also compare the investment with the alternative use of the money.
A good investment is not simply one that generates income.
It is one that makes sense relative to the other options available to you.
Vračar shows why high rent does not automatically mean a good investment
Imagine that a good Vračar parking space can be rented for €130 per month.
That sounds attractive.
But if the purchase price is €40,000, the €1,560 annual rent represents only around 3.9% gross yield, before taxes, vacancy and other costs.
Current Vračar listings demonstrate how high purchase prices can become, with examples around €40,000 and premium asking prices reaching €60,000.
A premium location therefore does not automatically produce a premium investment return.
Sometimes the investor pays such a large premium for the location that rental income cannot keep pace with the purchase price.
New Belgrade can produce a different equation
Current New Belgrade listings show many spaces around €25,000–€32,000, while advertised rents frequently sit within the €100–€150 monthly range.
That does not mean every New Belgrade garage is a good investment.
It does mean that in some micro-locations the relationship between purchase price and rent can look more attractive than in areas where the purchase price of a single space approaches €40,000, €50,000 or €60,000.
The individual building is still more important than the municipality.
A parking space in the same building has a major advantage
For a rental investor, one of the most important questions is:
who is the natural tenant?
The strongest setup is often a large residential development where many residents do not own a parking space.
You are then not offering someone “a garage somewhere in New Belgrade”.
You are offering:
“park in your own building and take the lift home.”
That is a much stronger proposition.
Two parking spaces only a few hundred metres apart can therefore have very different rental demand.
Not all parking spaces are equally usable
Two spaces may both be registered as 12 m² and still provide very different user experiences.
Check the width and length of the space, structural columns, turning radius, ramp gradient, garage height, access system and whether a larger modern vehicle can enter and park comfortably.
Also check whether the driver can open the doors when neighbouring spaces are occupied.
A small functional problem can significantly reduce the potential tenant pool.
Check exactly what you are buying
Do not assume that every numbered position in a garage represents the same legal product.
Current listings include both registered and unregistered parking spaces. Many current New Belgrade listings explicitly identify registered units, while Vračar also has properties with differing registration status.
Before paying tens of thousands of euros, establish exactly which right is being transferred and what will legally belong to you after the transaction.
Why can a parking space be easier to manage than an apartment?
Operationally, there are simply fewer things to maintain.
There is no kitchen, furniture, boiler, flooring, washing machine or full apartment to prepare between tenants.
The landlord-tenant relationship is also usually simpler.
The tenant wants reliable parking access; the owner wants regular rent.
This does not mean that a garage has no costs or maintenance issues.
It means the investment can be operationally much simpler than a residential rental property.
But an apartment has something a garage does not
A much broader range of potential buyers and uses.
An apartment can be somebody's home, a rental investment or a property purchased for a family member.
A parking space has one dominant function:
parking a vehicle.
Its value can therefore be especially sensitive to the availability of parking within that specific micro-location.
Local supply matters enormously.
Can parking spaces preserve value?
They can, particularly where physical supply is limited.
However, I would not buy one based only on the assumption that:
“parking prices can only go up.”
Official RGZ data already show that premium parking spaces can reach very high transaction prices. The most expensive parking space reported for the fourth quarter of 2024 sold for €64,000 in Belgrade Waterfront.
That proves there is a market for expensive premium spaces.
It does not prove that every premium asking price makes sense for a rental investor.
When would a parking-space investment make sense?
The strongest combination would be:
genuine parking shortage + a functional space + clear legal status + an obvious tenant pool within the building or immediate area + a purchase price that produces a sensible return based on realistic rent.
If a space can be purchased for €25,000 and realistically rented for €120–€130, it deserves a serious look.
If it costs €50,000 simply because the address is prestigious while the realistic rent is €120, the case is much harder to justify as an income investment.
When would it not make sense?
I would be cautious when the seller's entire argument is:
“Parking is impossible around here.”
That is relevant, but it is not an investment calculation.
Warning signs include a purchase price that is high relative to achievable rent, an awkward space, unclear legal status, high ongoing costs, weak tenant demand outside the building or a projected rental figure that nobody in the area is currently paying.
The investment should work based on today's numbers.
Future price appreciation should be a bonus rather than the only reason the deal makes sense.
Parking space or apartment?
They do not require the same level of capital, so it is not a perfect comparison.
A rental apartment in Belgrade may require €120,000, €150,000 or considerably more.
Parking spaces can still be purchased for around €15,000–€30,000 in many areas, although premium locations can cost substantially more. Current listings range from around €14,000–€15,000 in some parts of Zvezdara to €40,000–€60,000 in parts of Vračar.
One major advantage is therefore the lower capital required to enter the market.
If you already have sufficient capital for an apartment, the comparison should focus on expected net yield, potential resale value, liquidity and how much management you want the investment to require.
How should you evaluate a specific parking space?
Start with rental demand rather than the seller's asking price.
Check what comparable spaces in the same micro-location are currently offered for rent at.
Then use a conservative rental assumption.
If the market shows €100–€130, do not automatically calculate your return using the €130 listing.
Allow for vacancy, tax and recurring expenses.
Only then determine what price you are prepared to pay.
That approach is much more useful than assuming:
“The seller wants €30,000, so it must be worth €30,000.”
Conclusion
A parking space in Belgrade can be a very rational small property investment.
The required capital is considerably lower than for an apartment, rental management is simpler and areas with genuine parking scarcity can generate clear demand.
But not every garage is a good investment.
The current market demonstrates why.
In parts of New Belgrade, spaces are currently offered around €25,000–€30,000 while advertised rents frequently fall around €100–€150 per month.
On Vračar, purchase prices can reach €40,000, €50,000 or more while rents do not necessarily rise proportionally.
So instead of asking:
“Is a parking space a good investment?”
ask:
“Is this particular parking space a good investment at this purchase price and this realistic rent?”
That is a question you can actually answer.
And often, very simple mathematics is enough to distinguish an attractive investment from an expensive place to park a car.
Note: This article is for informational purposes only. Prices are based on publicly advertised supply in August 2026 and do not represent valuations or guaranteed investment returns. Actual returns depend on the purchase price, achieved rent, taxes, expenses, occupancy and future market conditions.
